Active Safety Organic Sales1 growth YoY is expected to be in the range of 40-45%
Currency translation impact is expected to be ~4%
Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end
Order intake in 2021 is expected to increase from 2020
Business Highlights
Enters into a definitive merger agreement under which Magna International Inc. will acquire Veoneer
Organic Sales growth outperformed the global LVP by ~58pp for Q2 21, expect out-performance of mid-teens for full year 2021
Semiconductor supply shortages continue to create industry delivery and cost challenges
Significant regional mix improvement in LVP in Q2 from Q1, mainly in North America, Europe and Japan
April 28, 2021
Financial Summary - Q1 21
Financial results in-line with internal expectations despite supply chain challenges
Net Sales $419 million, Organic Sales
1 increase 17%
Operating cash flow $(110) million.
Cash balance $645 million
Organic Sales1 growth YoY is expected to exceed 25%
Active Safety Organic Sales1 growth YoY is expected to be ~45%
Currency translation impact is expected to be ~3%
Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end
Order intake in 2021 is expected to increase from 2020
Business Highlights
Organic Sales outperformed the global LVP by ~4pp for Q1 21, expect outperformance of mid-teens for full year 2021
Semiconductor supply shortages creates
Veoneer: Financial Report January - March 2021
Financial results in-line with internal expectations despite supply chain challenges
Net Sales $419 million, Organic Sales
1 increase 17%
Operating cash flow $(110) million.
Cash balance $645 million
Organic Sales1 growth YoY is expected to exceed 25%
Active Safety Organic Sales1 growth YoY is expected to be ~45%
Currency translation impact is expected to be ~3%
Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end
Order intake in 2021 is expected to increase from 2020
Business Highlights
Organic Sales outperformed the global LVP by ~4pp for Q1 21, expect outperformance of mid-teens for full year 2021
Semiconductor supply shortages creates industry delivery and cost challenges
Veoneer : Financial Report January prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Veoneer: Financial Report October - December 2020
Financial Summary - Q4 20
Net Sales $455 million, Organic Sales
1 increase 17%
Operating cash flow $(77) million, $27 million improvement YoY
Cash balance $758 million
Active Safety Organic Sales
Currency translation impact is expected to be ~5%
Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end
Order intake in 2021 is expected to increase from 2020
Business Highlights and Mid-Term Targets Update
Organic Sales out-performed the global LVP by ~15pp for the fourth quarter and ~1pp for the full year 2020
Veoneer and Qualcomm Technologies Inc. finalized an agreement in January 2021 where the companies will collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions